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Most Expensive Home Sold in La Canada in August 2018

Last month the most expensive home sold in La Canada in August 2018, was 4363 Oakwood Ave. This home listed for $6,500,000 and sold for $5,870,000. The sellers purchased this home in 2009 for $4,920,000. These previous sellers bought this La Canada home in 2004 for $1,775,000 as a tear down and built this gorgeous estate.

The most interesting fact is that the current buyer of this very expensive La Canada home has a note (loan) for $5,650,000 with a holding company. The home was purchased with just a $220,000, down payment.

Buyers have been struggling to find affordable homes this year, as the supply of homes for sale has fallen for most of the year. It was finally flat in July, BUT, the market needs a significant surge in new listings in order to cool prices and boost sales. Read more here: